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Beauty Tech Soars Despite Economic Woes
16 Apr
Summary
- Beauty Tech Group reported record sales of £141 million.
- The company's LED masks retail for approximately £400.
- Shares rose 10.87% since its £300 million listing.
Beauty Tech Group has announced record sales reaching £141 million for the year ending December 31, 2025, marking a significant 39.4% increase from the previous year. The Cheshire-based company, known for brands like Currentbody Skin and ZIIP Beauty, experienced strong demand for its products, including LED masks priced around £400. Laurence Newman, the CEO, expressed confidence in the London stock market, calling it an 'undervalued process in this country.'
Newman's comments come as the company celebrates its first annual results since its flotation last year. The IPO, valued at £300 million, has boosted the company's profile, with its shares climbing 10.87% since the listing. He countered the prevailing sentiment among some founders that a London listing might be problematic, asserting that 'everyone should look at it' with the right business and market conditions.
